TECH - Nvidia Bolsters AI Leadership with Investment in Arm Holdings Eyes Future Growth in Semiconductor Industry | Benzinga
Nvidia Corp (NASDAQ:NVDA), a leading force in the artificial intelligence (AI) industry, recently revealed its investment portfolio, showcasing stakes in Arm Holdings Plc (NASDAQ:ARM), SoundHound AI Inc (NASDAQ:SOUN), and Recursion Pharmaceuticals Inc (NASDAQ:RXRX).
Nvidia’s engagement with Arm is particularly notable, given their previous $40 billion acquisition attempt in 2020, which succumbed to regulatory hurdles in February 2022.
Nvidia’s stake in Arm was the most significant in value, amounting to $147.3 million, Fortune cites regulatory filings.
Despite Nvidia’s failure to go ahead with its planned acquisition of Arm, the British chip designer marked the most extensive initial public offering of 2023 and remained under the majority ownership of SoftBank Group Corp.
Arm Holdings’ shares have ...